01.10.2008 - Commodities juggernaut moves into reverse gear
From Guardian: Commodity prices already crushed by financial paralysis and recession fears are expected to lurch lower as investors lose confidence in a sector which only a few months ago promised so much. The one major exception is gold. Over the past few days investors looking for a place to park assets, away from chaos shrouding financial markets, have flocked to age-old safe haven. The latest trigger for losses is the shock rejection by U.S. lawmakers of a $700 billion rescue package for financial firms. The plan - aiming to help rid banks of the toxic debt on their books -- was expected to kick-start activity in money markets, which oil the wheels of economic activity..... Full Article: Source